Lloyds Banking Group plc (LON:LLOY) Given Average Rating of “Hold” by Analysts

Lloyds Banking Group plc (LON:LLOY) has been assigned a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is GBX 56.33 ($0.74).

Several research firms have weighed in on LLOY. JPMorgan Chase & Co. boosted their target price on shares of Lloyds Banking Group from GBX 50 ($0.65) to GBX 54 ($0.71) and gave the stock an “underweight” rating in a research report on Wednesday, July 3rd. Citigroup reissued a “neutral” rating on shares of Lloyds Banking Group in a research report on Monday, September 2nd. Berenberg Bank reaffirmed a “hold” rating and set a GBX 55 ($0.72) price target on shares of Lloyds Banking Group in a research report on Wednesday, August 21st. Finally, Shore Capital restated a “hold” rating on shares of Lloyds Banking Group in a research note on Thursday, July 25th.

Lloyds Banking Group Stock Performance

Shares of LON LLOY opened at GBX 57.82 ($0.76) on Friday. Lloyds Banking Group has a fifty-two week low of GBX 39.42 ($0.52) and a fifty-two week high of GBX 61.72 ($0.81). The company has a market cap of £35.61 billion, a PE ratio of 827.14, a P/E/G ratio of 1.68 and a beta of 1.23. The business has a 50-day simple moving average of GBX 58.16 and a two-hundred day simple moving average of GBX 54.57.

Lloyds Banking Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 1st were given a dividend of GBX 1.06 ($0.01) per share. The ex-dividend date was Thursday, August 1st. This represents a yield of 1.78%. Lloyds Banking Group’s dividend payout ratio is currently 4,285.71%.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.